Star, Carnival Declare Victory In NCL Matter

Friday, February 11, 2000
Star Cruises and Carnival Corp. declared victory in a takeover bid for Norwegian cruise group NCL Holding, saying they controlled more than 90 percent of the shares. Arrasas Ltd., 60 percent owned by Star and 40 percent by Carnival, said it controlled 247.88 million shares, or 92.6 percent, of NCL under the $1.9 billion stock and debt takeover offer. Under Norwegian law, firms can force minority shareholders to accept a takeover offer by surpassing 90 percent control. Star and Carnival, the world's biggest cruise group, joined forces last month behind a 35 crowns per share offer for NCL. Carnival had previously launched a bidding battle in December by offering 30 crowns per share for NCL on its own. Star, which is strong in Asia and is the world's fifth largest cruise group, also aims to set up a joint marketing deal with Carnival, strongest in the United States and Europe. NCL is fourth biggest. The Star-Carnival offer expired on February 10. The two companies last week sacked the board of NCL and appointed a new leadership, headed by Oslo lawyer Ole Lund who is also chairman of state oil firm Statoil.
Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Electronics Retrofit for Taiwanese Research Vessel

L-3 SAM Electronics has been awarded a contract to retrofit propulsion control and automation systems aboard the Taiwanese Navy’s Ta Kuan hydrographic and oceanographic research vessel.

Keels Laid for Two Aluminum OSVs

Triangle Marine Services and Marine Core & Charter host keel laying ceremony for two Aluminum Fast Offshore Support Vessels   UAE-based shipbuilder Triangle Marine

Van Oord, Falck Ink Safety Training Deal

Van Oord has signed a two year contract with Falck Safety Services for the provision of safety training.   Van Oord, a contractor for dredging, marine engineering and offshore energy projects,

Cruise Ship Trends

Launch of Mississippi River Cruise Service

Governor Bobby Jindal and Viking Cruises Chairman Torstein Hagen announced the selection of New Orleans as the homeport for Viking River Cruises’ first North American river cruise itineraries.

Gladding-Hearn Bags Hy-Line Cruises Catamaran Order

Hy-Line Cruises, a division of Hyannis Harbor Tours, Inc., Hyannis, Mass., has ordered a new 493-passenger, high-speed catamaran from Gladding-Hearn Shipbuilding, the Duclos Corporation.

MARAD Certifying Cruise Security, Safety Training

The U.S. Maritime Administration (MARAD) informs it has begun certifying cruise vessel security and safety training program providers.   As part of the voluntary certification,

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.4971 sec (2 req/sec)